Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.051%

Price spread now: KuCoin against Paradex−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. KuCoin is 0.031% cheaper against Paradex than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8151	0.0050	pay 0.0050% / 8h	5h 51m	$1K	$2K	5x
Short	KuCoin COPPERUSDTM	6.8130	0.0100	get 0.0050% / 4h	1h 51m	$258K	$21K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee KuCoinbpOrdersPrice spread, now −0.031%Rate

Funding earned: $10.5
Price spread: −0.031% → 0.000%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.63
Costs to cover: 0.160%
Break-even: 12.8 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 45 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 45 min ago	13.23 bp	59.2 bp −$59	601.3 bp −$6,013	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COPPER on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COPPER-USD	0.0000%	1h	6.8130	−0.031%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8132	−0.028%	$32K	$21K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8149	−0.004%	$9.1M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8115	−0.053%	$472K	$939K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.193%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8140	−0.017%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8160	+0.013%	$1.7M	$998K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8154	+0.004%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8195	+0.064%	$88K	$2.0M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8140	−0.017%	—	$6.7M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8240	+0.130%	$61K	$25K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7980	−0.251%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8094	−0.085%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8168	+0.024%	$45K	$23K	20x	as long as short
edgeX COPPERUSDC	+0.0018%	4h	6.8170	+0.028%	$94K	$318K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8104	−0.069%	—	$82K	25x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8151	long leg	$1K	$2K	5x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8104	−0.069%	$10.4M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8113	−0.056%	$902	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8139	−0.018%	$57K	$55K	15x	as long as short
Lighter XCU	+0.0056%	1h	6.8231	+0.117%	$477K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8141	−0.015%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTMshort	+0.0100%	4h	6.8130	−0.031%	$258K	$21K	50x
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8200	+0.071%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8134	−0.026%	$311	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8134	−0.025%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0472%	1h	6.8109	−0.062%	$224K	$2.8M	20x	as long as short